Dossier
overvaluation
Coverage of overvaluation in the Nexus archive.
- Tech stocks tumble in Asia, US
Tech stocks in Asia and the US fell sharply due to concerns over interest rate hikes, excessive spending, and overvaluation. SanDisk and Micron, which had surged earlier this year, dropped 13% amid a broader Nasdaq decline of 2.2%, while South Korea’s KOSPI index experienced record volatility, plummeting 10% before partially recovering.